After the recent price run, this week’s market saw buyers become more selective in their purchases, leaving the NRI to close 20 cents cheaper at 1756.
The market opened solidly, selling at levels at / or above those achieved at the previous sale. However as the sale progressed, prices began to deteriorate, with the finer microns experiencing the largest corrections.
In general terms, the finer micron fell by 30‐40 cents, while the medium to broader microns retraced 15 ‐ 20 cents.
The skirting market also corrected, with prices generally shedding 20‐40 cents, with the finer microns and higher VM lots most affected. The crossbred sector retraced 20‐40 cents, with 28.0 micron and coarser suffering the largest reductions. The oddment market defied the trend and managed to maintain its upward momentum, with most types and descriptions closing 10‐20 cents dearer, while the large offering of lambs was irregular but generally 15‐30 cents dearer.
Source AWEX